Hello guys Prerna here.. i am keen to share my view on nifty for upcoming days which should be taken only for educational purposes only. No trade recommend. Guys I'm expecting an inverse Hns Formation on Nifty chart. Right shoulder is yet to complete.. it's still in making... And for pattern to be valid it is imp that nifty doesn't give daily close below 15700......
ICICIpru is near to very crucial price level. Neckline of H&S pattern is placed at 539 while 533 is strong support . Any close below this level may drag it further with strong momentum. Rest is detailed at chart. let us wait
disclaimer : this is for education purpose only
Aster dm spot cmp 193
inverted head and should pattern breakout and retest
hidden bullish divergence on rsi
falling trendline breakout in rsi
major elliotwave impulse wave in formation
let see whats in store,, have mentioned roadmad will keep tracking
Key points:
1.) Forming Inverse head& shoulder pattern (bullish)
2.) OBV is giving trend line breakout and now inching higher.
Support at 1300
Resistance -1550
Possible target 2000-2160
Time frame 1-2 year.
Only for educational purpose
In day chart..trend line BO...Potential BO... Volume Rising...bullish head and shoulder form.. Chance to move UPTO 20℅..
All levels mentioned on chart.
Only educational purpose.
Amaraja has retraced from Fib .5 levels and looks like strong reversal for an up move.
It has also retested the trendline breakout happened at November 20 rally.
The stock of MRPL is trading in the range of 44.5-45.5, Forming a resistance of 46, Breakout above 46 will be our Entry point with the SL of 43.95 for the Target of 48.5. It has formed HNS formation in the downtrend which is a signal of a possible trend reversal with the potential to up to the price of 52.
Bharti Airtel Formed Head and Shoulder Pattern , If Airtel Break its Support Zone We can see more downside or if show reversal sign from here we can make a long position with SL Below the Support Zone.
Wabag is water management company globally ranked 4th .
It was in downtrend , a perfect inverted head and shoulder pattern formed beautifully and breakout from consolidation.
Long with a target of 363+ initially with a stop loss of 250 CB.
Disclaimer - Only for educational purpose not a recommendation.
(I am invested)
You are viewing the weekly chart of Axisbank, which clearly indicates HNS formation has been observed and it is in verge of breaking the neckline, so very soon you can the reaction in the stock.. :)
